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Resurgere Mines & Minerals India (NSE:RMMIL) Accounts Receivable : ₹3,241.92 Mil (As of Mar. 2018)


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What is Resurgere Mines & Minerals India Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Resurgere Mines & Minerals India's accounts receivables for the quarter that ended in Mar. 2018 was ₹3,241.92 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Resurgere Mines & Minerals India's Net-Net Working Capital per share for the quarter that ended in Mar. 2018 was ₹-7.60.


Resurgere Mines & Minerals India Accounts Receivable Historical Data

The historical data trend for Resurgere Mines & Minerals India's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Resurgere Mines & Minerals India Accounts Receivable Chart

Resurgere Mines & Minerals India Annual Data
Trend Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,255.65 3,255.73 3,242.49 3,242.01 3,241.92

Resurgere Mines & Minerals India Semi-Annual Data
Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 3,255.65 3,255.73 3,242.49 3,242.01 3,241.92

Resurgere Mines & Minerals India Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Resurgere Mines & Minerals India Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Resurgere Mines & Minerals India's Days Sales Outstanding for the quarter that ended in Mar. 2018 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3241.92/0*91
=

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Resurgere Mines & Minerals India's accounts receivable are only considered to be worth 75% of book value:

Resurgere Mines & Minerals India's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2018 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(971.752+0.75 * 3241.92+0.5 * 277.926-5051.421
-0-0)/198.578
=-7.60

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


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Resurgere Mines & Minerals India (NSE:RMMIL) Business Description

Traded in Other Exchanges
N/A
Address
15, Morvi House, 28/30, Goa Street, Ballard Estate, 1st Floor, Mumbai, MH, IND, 400038
Resurgere Mines & Minerals India Ltd is engaged in extraction, processing, and sale of iron ore, bauxite and soapstone products and exploration & development of mining assets. The company's products portfolio consists of Lump Ore, Size Ore, Calibrated Lump Ore, Iron Ore Fines, and Bauxite. It operates two mines contracts, Iron Ore mine situated at Satarda and Bauxite mine situated at Mahalmiriya. It owns two mines, Soapstone mine situated at Dhelana in the state of Rajasthan and Bauxite mine situated at Yelwan Jugai, Maharashtra. Majority of the revenue is derived from its only segment Mining & Trading of Minerals.

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